Friday 16 November 2018
Egypt loan

World Bank agrees $1.15bn loan to Egypt

The World Bank has approved $1.15 billion in a development policy financing loan to support Egypt’s economic reform programme. This loan is the last in the series of three annual loans—called the Fiscal Consolidation,


Egypt in $550m power plant loan deal

The African Development Bank (AfDB) has lent Egypt $550 million to build a 650-megawatt gas-fired power plant, the bank said. The plant, located in Suez city, 150 km east of Cairo, will utilize Egypt’s abundant gas reserves as a

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